The food company, whose products include Jif peanut butter and Folgers coffee, also said Thursday that it now expects its full-year earnings will come in at the higher end of its previously predicted range.

J.M. Smucker Co. earned $110.9 million, or $1 per share, for the three months ended July 31. That compares with $111.5 million, or 98 cents per share, a year ago.

The per share discrepancy resulted from fewer shares outstanding in the current quarter.

Taking out special project costs, earnings were $1.17 per share. Analysts polled by FactSet expected $1 per share.

The results include $86.7 million from the $350 million acquisition of part of Sara Lee's food-service business. Smucker, based in Orrville, Ohio, also credited higher prices and a better product mix with helping its results.

Sales of the U.S. retail coffee division rose 4 percent, bolstered by sales of K-Cup pods for single-cup coffee brewers. This was somewhat offset by price cuts. The segment reported strong sales of Folgers Gourmet Selections and Millstone K-Cups.

For the U.S. retail consumer foods unit, sales climbed 15 percent because of higher prices and a better mix of products. Jif sales surged 48 percent. Sales of Smucker's fruit spreads and Crisco were flat.

For fiscal 2013, Smucker still expects adjusted earnings between $5 and $5.10 per share but added it expects to be near the high end of that range. Revenue is predicted to climb about 7 percent. Based on fiscal 2012's $5.53 billion in revenue, that implies about $5.92 billion.

Analysts foresee earnings of $5.10 per share on revenue of $5.88 billion.